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I'm still waiting for you to prove me wrong by posting a trade plan you have for Monday...anyway, yes I can and do sit on the underlying obviously. I was talking about options pricing being a bit of a suckers game for reasons I have already mentioned. That's why you guys are here and not...

Nobody trades just using one method...EW is purely statistical probability. Simmons looked for anomalies to exploit.

What are you back testing for? You have the Delta, so your probability is set. Elliott wave and fibs are all based on statistics already...so that work is done for you. I have heard of hedge funds actually going back to look for similar patterns and trade based on them repeating themselves...

You are trying to use all this fancy lingo to somehow convince people that you know what you are talking about. Convex, concave for instance is just a slope showing the intensity of the move...concave rising slope is still increasing price but with less intensity than a rising price with a...

This shouldn't be that hard for you guys right? You all seem to pretty confident in your abilities. Let's put it to test. I will share my trade I have planned once I find it.

You are over complicating this. Convex/concave already has its own indicator...RSI. Long/short gamma is no different than being long/short delta. Butterflies/broken wing or not and calendars. These are all basic option strategies. If they are opened for a credit then they are "option selling...

Ok everybody, lets just let the chart do the talking. Open SPX, or SPY, (or the VIX or VIXY I guess if you are trading volatility?) and post what your trade would be on Monday if you see one.

If you go long an option, right away you are down the spread, down the premium, down the fees, and the clock has started ticking on your time decay. You not only need to get the direction right, you need the stock to move in that direction without lingering. That doesn't sound like an edge to me...

It's more like passing a hot potato than a casino. Give me an example of a 6 month option that you think count be profitable.

Yes I have mentioned that for all the bad press 0-3 dte's get they are actually the better choice versus longer expiry longs, and don't get me started on credit spreads. As long as you have tight risk management and don't mind trading every day.

Do you even trade? You don't sound like you understand basic terms.

Obviously I'm trading indexes. Anything with daily expiries.

You guys aren't making crap vol trading. The risk reward is garbage so no way its sustainable. I am still waiting for one example. I simply posted that all these premium strategies are much ado about nothing. As I heard someone else say its like picking up a penny in front of a steam roller. :)

Covered calls and naked puts are off the mark? lol ok. What's your idea of being "on the mark"? (I'm still waiting to be proven wrong)

This guy gets it.

A credit spread doesn't fully protect you from assignment risk. If you are bearish then wouldn't it make more sense to purchase a put debit spread? That way you have zero risk other than the debit.

Yeah good luck when the market rips you a new one while holding a naked call.

I find it highly unlikely that any of you are making consistent profits especially trading vols.

I didn't say options suck, there is a function for them but earning a consistent income with only option strategies is more work than just holding the stock.

Exactly...you end up paying to keep a position alive that you could have just waited out for free with the underlying.